By Kiku Steinfeld
Chicago, April 18 – BofA Finance LLC priced $534,000 of fixed income autocallable yield notes due Dec. 26, 2025 linked to the worst performing of the common stocks of Alphabet Inc., JPMorgan Chase & Co. and Nike, Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annualized rate of 10.45%.
The notes will be automatically redeemed at par if each stock closes above 100% of its initial value on any monthly call observation date beginning March 2023.
The payout at maturity will be par plus the coupon if all stocks close above their 60% trigger values.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
The notes will be guaranteed by Bank of America Corp.
BofA Securities, Inc. is the selling agent.
| Issuer: | BofA Finance LLC
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| Guarantor: | Bank of America Corp.
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| Issue: | Fixed income autocallable yield notes
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| Underlying stocks: | Alphabet Inc., JPMorgan Chase & Co. and Nike, Inc.
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| Amount: | $534,000
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| Maturity: | Dec. 26, 2025
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| Coupon: | 10.45% per year; payable monthly
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| Price: | Par
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| Payout at maturity: | Par plus the coupon if all stocks finish above their trigger values; otherwise, investors will be fully exposed to the losses of the worst performing stock
|
| Call: | Automatically at par if each stock closes at or above its initial value on any monthly call observation date beginning March 2023
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| Initial levels: | $89.63 for Alphabet, $130.69 for JPMorgan, $103.21 for Nike
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| Trigger values: | $53.78 for Alphabet, $78.41 for JPMorgan, $61.93 for Nike, 60% of initial levels
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 23
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| Selling agent: | BofA Securities, Inc.
|
| Fees: | 3.25%
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| Cusip: | 09709VCX2
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